TechFlow News, April 30: According to CoinDesk, the U.S. March PCE inflation data is set for release, amid rising international oil prices and climbing U.S. Treasury yields—factors that continue to weigh on risk assets. Bitcoin is currently facing strong resistance near $80,000, while derivatives markets are persistently signaling risk aversion. Analysis indicates that short-term holders’ cost basis is concentrated around $80,000; if price breaks above this level, profit-taking sell pressure may emerge, thereby capping further upside potential. Additionally, Bitwise researcher Luke Deans notes that the 180-day correlation and beta percentile between altcoins and Bitcoin are currently near 97% and 99%, respectively—implying most tokens will continue behaving as “leveraged versions of Bitcoin.”
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